FTCS Stock Tickeron detected bullish ETF Pattern: Broadening Wedge Ascending FTCS on August 16, 2024, netting in a 5.41% gain over 2 months

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FTCS - First Trust Capital Strength ETF

Ticker: FTCS

Company: First Trust Capital Strength ETF

Gain: +5.41%

Confirmed: 08/16/24

Succeeded: 10/14/24

Total length: 60 days

FTCS's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for FTCS turned positive on October 14, 2024. Looking at past instances where FTCS's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on FTCS as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FTCS advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 420 cases where FTCS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTCS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FTCS broke above its upper Bollinger Band on October 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.